O
Oscar_IHB
Guest
[quote author="graphrix" date=1232559129]Blah, just find a private equity group to buy the models and do a lease back to Laing. I'm sure they will pay their bills, since they paid BK's. <a href="http://idea.sec.gov/Archives/edgar/data/840216/000110465909000053/a08-31294_18k.htm">That's what all the cool builders are doing.</a></blockquote>
<blockquote>The Registrant also announced that it delivered seven (7) homes at Brightwater at an average price of approximately $2.1 million during the fourth quarter, including two (2) Cliffs homes and four (4) Breakers homes, which are the larger homes at Brightwater. Including the model homes, the Registrant delivered 40 homes in 2008 at Brightwater and 49 homes project-to-date. The Registrant has generated two (2) new sales orders at Brightwater since the quarter ended September 30, 2008.
Current backlog at Brightwater is seven (7) homes with an aggregate sales value of approximately $16.6 million, including four (4) Breakers homes with unobstructed ocean views, one Cliffs home and two (2) homes at The Sands and The Trails (the smaller product lines). There were no cancellations at Brightwater during the fourth quarter and the cancellation rate for 2008 was 19%.
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Forgive my ignorance, but how many total homes were to be built at Brightwater in Huntington Beach?
<blockquote>The Registrant also announced that it delivered seven (7) homes at Brightwater at an average price of approximately $2.1 million during the fourth quarter, including two (2) Cliffs homes and four (4) Breakers homes, which are the larger homes at Brightwater. Including the model homes, the Registrant delivered 40 homes in 2008 at Brightwater and 49 homes project-to-date. The Registrant has generated two (2) new sales orders at Brightwater since the quarter ended September 30, 2008.
Current backlog at Brightwater is seven (7) homes with an aggregate sales value of approximately $16.6 million, including four (4) Breakers homes with unobstructed ocean views, one Cliffs home and two (2) homes at The Sands and The Trails (the smaller product lines). There were no cancellations at Brightwater during the fourth quarter and the cancellation rate for 2008 was 19%.
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Forgive my ignorance, but how many total homes were to be built at Brightwater in Huntington Beach?